Lucky Cem. S Regulatory News (LKCS)

The General Manager

Pakistan Stock Exchange

Limited

Karachi

The Deputy Chief

Securities & Exchange

Commission of Pakistan

Islamabad

The London Stock Exchange

10 Paternoster

Square,

London

Unconsolidated Condensed Interim Balance Sheet

As at December 31, 2017

December 31,

June 30,

2017

2017

(Un-audited)

(Audited)

(PKR in '000')

ASSETS

NON-CURRENT ASSETS

Fixed assets

Property, plant and equipment

40,345,905

37,488,137

Intangible assets

59,117

79,657

40,405,022

37,567,794

Long-term investments

14,726,094

13,313,520

Long-term loans and advances

87,213

84,951

Long-term deposits

3,175

3,175

55,221,504

50,969,440

CURRENT ASSETS

Stores and spares

7,228,441

5,894,079

Stock-in-trade

1,894,698

2,509,273

Trade debts

2,097,810

1,582,689

Loans and advances

556,654

619,161

Trade deposits and short term prepayments

72,362

39,774

Accrued return

170,526

165,289

Other receivables

1,564,282

1,235,019

Tax refunds due from the Government

538,812

538,812

Short term investment

39,647

45,452

Cash and bank balances

32,285,248

33,738,377

46,448,480

46,367,925

TOTAL ASSETS

101,669,984

97,337,365

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorized capital

5,000,000

5,000,000

Issued, subscribed and paid-up capital

3,233,750

3,233,750

Reserves

77,596,055

76,551,231

80,829,805

79,784,981

NON-CURRENT LIABILITIES

Long-term deposits

90,715

84,630

Deferred liabilities

7,293,910

7,124,127

7,384,625

7,208,757

CURRENT LIABILITIES

Trade and other payables

12,370,524

9,269,882

Taxation - net

1,085,030

1,073,745

13,455,554

10,343,627

20,840,179

17,552,384

TOTAL EQUITY AND LIABILITIES

101,669,984

97,337,365

Unconsolidated Condensed Interim Profit and Loss Account

For the half year ended December 31, 2017

Half Year Ended

Quarter Ended

December 31,

December 31,

December 31,

December 31,

2017

2016

2017

2016

(PKR in '000')

(PKR in '000')

Gross sales

32,852,077

31,242,508

17,156,894

17,193,514

Less:

Sales tax and federal excise duty

9,149,825

7,460,182

4,857,234

4,123,836

Rebates and commission

448,424

340,652

249,613

194,819

9,598,249

7,800,834

5,106,847

4,318,655

Net sales

23,253,828

23,441,674

12,050,047

12,874,859

Cost of sales

(14,368,087)

(11,775,513)

(7,277,550)

(6,559,451)

Gross profit

8,885,741

11,666,161

4,772,497

6,315,408

Distribution cost

(813,183)

(1,037,958)

(443,832)

(547,843)

Administrative expenses

(556,503)

(514,055)

(275,235)

(267,048)

Other expenses

(616,749)

(1,156,569)

(322,494)

(742,706)

Other income

1,195,338

948,857

662,942

497,512

Profit before taxation

8,094,644

9,906,436

4,393,878

5,255,323

Taxation

-current

(1,486,683)

(2,773,574)

(553,578)

(1,465,115)

-deferred

(60,828)

(95,446)

(310,450)

10,047

(1,547,511)

(2,869,020)

(864,028)

(1,455,068)

Profit after taxation

6,547,133

7,037,416

3,529,850

3,800,255

Other comprehensive income:

Other comprehensive income / (loss) which may be reclassified to

profit and loss account in subsequent periods

Unrealized loss on remeasurement of available for sale investment

(5,805)

-

(690)

-

Deferred tax thereon

871

-

104

-

(4,934)

-

(586)

-

Total comprehensive income for the period

6,542,199

7,037,416

3,529,264

3,800,255

(Rupees)

(Rupees)

Earnings per share - basic and diluted

20.25

21.76

10.92

11.75

Condensed Interim Consolidated Balance Sheet

As at December 31, 2017

December 31,

June 30,

2017

2017

(Un-audited)

(Audited)

(PKR in '000')

ASSETS

NON-CURRENT ASSETS

Fixed assets

Property, plant and equipment

65,228,726

59,601,233

Intangible assets

8,070,585

7,388,387

73,299,311

66,989,620

Long-term investments

12,219,452

11,098,870

Long-term loans and advances

517,056

467,373

Long-term deposits and prepayments

65,382

44,972

86,101,201

78,600,835

CURRENT ASSETS

Stores, spares and consumables

8,366,901

7,041,171

Stock-in-trade

8,504,262

8,423,173

Trade debts

4,375,318

4,172,567

Loans and advances

1,223,797

1,061,146

Trade deposits and short-term prepayments

799,726

675,814

Other receivables

3,185,862

2,881,844

Tax refunds due from the Government

538,812

538,812

Taxation - receivable

1,339,156

1,093,972

Accrued return

177,577

181,355

Short term investments

39,647

45,452

Cash and bank balances

35,425,269

36,273,319

63,976,327

62,388,625

TOTAL ASSETS

150,077,528

140,989,460

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Share capital

3,233,750

3,233,750

Reserves

86,512,723

83,736,475

Attributable to the owners of the Holding Company

89,746,473

86,970,225

Non-controlling interests

10,503,020

9,235,325

Total equity

100,249,493

96,205,550

NON-CURRENT LIABILITIES

Long-term finances

10,268,416

8,825,140

Long-term deposits

90,715

84,630

Liabilities against assets subject to finance lease

73

798

Deferred liabilities

9,836,107

9,864,932

Other long term liabilities

2,996,911

2,752,510

23,192,222

21,528,010

CURRENT LIABILITIES

Trade and other payables

21,787,672

19,225,920

Provision for taxation

1,129,971

1,073,745

Accrued return

197,265

177,654

Short-term borrowings and running finance

2,246,987

2,128,905

Current portion of liabilities against assets subject to finance lease

1,652

2,009

Current portion of long-term finance

1,272,266

647,667

26,635,813

23,255,900

TOTAL EQUITY AND LIABILITIES

150,077,528

140,989,460

Condensed Interim Consolidated Profit and Loss Account

For the half year ended December 31, 2017 (Un-audited)

Half Year Ended

Quarter Ended

December 31,

December 31,

December 31,

December 31,

2017

2016

2017

2016

(PKR in '000')

(PKR in '000')

Turnover

59,766,088

53,877,246

31,082,652

29,245,212

Less:

Sales tax and excise duty

10,554,415

8,764,985

5,592,056

4,831,489

Rebates and commission

2,457,306

2,055,827

1,319,084

1,172,703

13,011,721

10,820,812

6,911,140

6,004,192

Net sales

46,754,367

43,056,434

24,171,512

23,241,020

Cost of turnover

(33,587,614)

(27,895,931)

(17,093,671)

(15,052,169)

Gross profit

13,166,753

15,160,503

7,077,841

8,188,851

Distribution cost

(2,152,288)

(2,131,651)

(1,140,194)

(1,118,560)

Administrative expenses

(1,442,077)

(1,038,256)

(821,054)

(533,053)

Finance costs

(314,595)

(364,151)

(149,498)

(170,908)

Other expenses

(1,111,190)

(1,323,374)

(712,471)

(837,143)

Other income

2,196,681

1,740,984

972,943

867,068

Profit before taxation

10,343,284

12,044,055

5,227,567

6,396,255

Taxation

- current

(1,916,509)

(3,319,875)

(654,580)

(1,720,365)

- deferred

150,104

15,991

(163,839)

22,145

(1,766,405)

(3,303,884)

(818,419)

(1,698,220)

Profit after taxation

8,576,879

8,740,171

4,409,149

4,698,035

Attributable to:

Owners of the Holding Company

7,914,236

8,122,743

4,067,067

4,342,348

Non-controlling interests

662,643

617,428

342,082

355,687

8,576,879

8,740,171

4,409,149

4,698,035

Other comprehensive income for the period

Items to be reclassified to profit and loss account

in subsequent periods :

Foreign exchange differences on translation of foreign operations

363,078

(13,339)

327,092

(1,563)

Unrealised loss on remeasurement of available-for-sale investment

(5,805)

-

(690)

-

Deferred tax thereon

871

-

104

-

(4,934)

-

(586)

-

Total comprehensive income for the period

8,935,023

8,726,832

4,735,654

4,696,472

Attributable to:

Owners of the Holding Company

8,272,380

8,109,404

4,393,572

4,340,785

Non-controlling interests

662,643

617,428

342,082

355,687

8,935,023

8,726,832

4,735,654

4,696,472

(PKR)

(PKR)

Earnings per share - basic and diluted

24.47

25.12

12.58

13.43